Palos Verdes Luxury Homes Market Report February 2018

Palos Verdes Estates Luxury Home Photo by Norma Toering

This luxury home report reflects the current conditions of the Palos Verdes luxury home real estate market. As my “Little Yellow Dot” indicates, there are markets within markets. The luxury market is a sub-market of the overall Palos Verdes single family home real estate market. However, the temperatures of the markets differ based on price, inventory, and number of days on the market. Luxury properties tend to remain on the market longer because the pool of qualified buyers is smaller, and as is the case now, supply exceeds demand.

There are 45 Palos Verdes luxury homes for sale priced at or above $3,000,000.

There are four PV luxury properties in escrow with accepted offers.

Six Palos Verdes luxury homes have sold YTD.

The Palos Verdes luxury home market is currently experiencing a strong buyer’s market.

The Palos Verdes real estate market for all single-family homes is a strong one for sellers.

For more information about selling or purchasing a Palos Verdes home contact Norma Toering at 310.493.8333 or Norma@CharlemagneProperties.com.

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Norma Toering is the broker-owner of Charlemagne Intl Properties a boutique real estate company in Los Angeles. She has been a local South Bay real estate agent since 1992. Norma is the most well known & award winning real estate blogger in Palos Verdes. Forbes magazine consulted Norma on Palos Verdes property values when compiling their Forbes 400 list.
Cell: 310.493.8333